QTTOY (Qutoutiao) Tax Rate % : 1.08% (As of Dec. 2023)

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What is Qutoutiao Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Qutoutiao's Tax Expense for the six months ended in Dec. 2023 was $-0.3 Mil. Qutoutiao's Pre-Tax Income for the six months ended in Dec. 2023 was $-26.2 Mil. Therefore, Qutoutiao's Tax Rate % for the quarter that ended in Dec. 2023 was 1.08%.

Qutoutiao Tax Rate % Historical Data

The historical data trend for Qutoutiao's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Qutoutiao Tax Rate % Chart

Qutoutiao Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-0.18

0.09

-0.25

0.11

1.08

Qutoutiao Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Tax Rate %	Get a 7-Day Free Trial			-0.18	0.09	-0.25	0.11	1.08

Qutoutiao Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Qutoutiao's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	-0.284	/	-26.237
	=	1.08 %

Qutoutiao's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	-0.284	/	-26.237
	=	1.08 %

Qutoutiao Tax Rate % Related Terms

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Qutoutiao Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Qutoutiao Inc (OTCPK:QTTOY) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

519 Yi De Road, Building No. 8, Shanghai Pudong Software Park, Pudong New Area, Shanghai, CHN, 200124

Website

https://www.qutoutiao.net

Qutoutiao Inc is a mobile content platform company in China. Its flagship mobile application Qutoutiao aggregates articles and short videos from professional media and freelancers and presents customized feeds to users. It has also launched a mobile literature application, Midu Novels, which offers users free literature supported by advertising. The mobile literature applications, Midu Novels, and Midu Lite, source content from traditional PC-based online literature platforms which provide a license to publish their literature content on Midu Novels for a fee and offer pieces of literature on Midu Novels. The company generates revenue by providing advertising and marketing services.